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To measure value, the concept of time value of money is used a. to determine the interest rate paid on corporate debt. b. to bring
To measure value, the concept of time value of money is used a. to determine the interest rate paid on corporate debt. b. to bring the future benefits and costs of a project, measured by its expected profits, back to the present. c. to bring the future benefits and costs of a project, measured by its cash flows, back to the present. d. to ensure that expected future profits exceed current profits today.
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